Adel Will Upgrade Its Blockchain Incubator Using Jelurida’s Latest Technology

Adel will utilize the Ardor Blockchain, the newest technology developed by the Jelurida team, in order to tackle blockchain bloat and utilize the various features that Ardor offers

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Jelurida, the development company behind the Nxt and Ardor Blockchains, and Adel Ecosystem Ltd., a global self-sustained cryptocurrency community, announce today their intention to cooperate to promote the Ardor platform.

Adel will implement Jelurida’s newest Blockchain technology to improve the functionality of its platform, which aims to develop, support and fund innovative start-ups using Blockchain technology. Adel will enable new assets and future tokens on the Ardor platform.

Jelurida is responsible for developing Nxt and Ardor, whose tokens are currently trading for a combined market cap of 200 million dollars. Adel successfully raised over €1m during its month long ICO in May using the Nxt decentralised platform. The combination of integrated features, such as asset creation and decentralized voting available on Ardor, meets the requirements of Adel’s Blockchain incubator.

Adel has chosen to upgrade to the Ardor Blockchain for three key reasons:

  • Enabling a unique parent chain and child chain architecture for project execution
  • Adel’s project incubation will take advantage of Ardor’s robust voting system
  • Ardor’s core-level security protects Adel’s intellectual property

Ardor is a Blockchain-as-a-service platform created by Jelurida that allows organizations to create their own Blockchain, known as a child chain. The child chain is secured by the Ardor parent chain and comes with a wide range of features currently found on Nxt.

The main benefit of the parent/child Blockchain structure is that it addresses Blockchain bloat, which makes digital transactions slow. The parent chain takes care of security, while the child chain handles the operation of the Blockchain.

Scalability is addressed with the innovative feature, which regularly removes transactional data from child chains while still maintaining the same security guarantees. By separating security and functions into the parent/child structure, Ardor provides a more useful and scalable Blockchain model compared to existing single token designs.

“We have been consistently impressed with Jelurida’s decentralized platform and development vision,” said Gabriel Dusil, Co-Founder of Adel, “Ardor’s robust security and comprehensive feature-set align well with our strategy. The Ardor platform provides an ideal environment for the Adel community to democratically vote and fund Blockchain start-ups, that will disrupt traditional industries.”

“After BitSwift last month, today we are very excited that Adel decided to join the growing Ardor ecosystem and we are confident that Ardor can provide a solid foundation for Adel’s projects and vision,” added Kristina Kalcheva, Managing Director of Jelurida. “Both Adel and Jelurida share the same goals of disruption and transformation within traditional industries and look forward to supporting each other.”

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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